The biggest job killer is …

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 8th of October.

I've been thinking about this for a while and decided today was the perfect day to put my thoughts in writing...

I think the Internet is a job killer and not a job creator.

Here are my reasons why:

A relatively small number of staff can run a multibillion dollar company. For example, FaceBook only has 3,000 employees. Compare that to General Motors, who currently employs 202,000 folks.

Amazon, another name that is ubiquitous on the internet, has only 69,100 employees. Now compare that to traditional retailers in every mall in the country and you can quickly see why people shopping online for convenience will be the demise of many traditional shopping outlets in malls. For example, Circuit City could not complete in the new world and quickly fell prey to the Internet. Is Best Buy next?

Apple, the most valuable company in the world, even with its retail outlets, still only employs less than 65,000 Americans. However, Apple in China through a company called Foxconn has over 400,000 Chinese working to make iPhones, iPads, and practically everything "i" for Apple. You just wonder what kind of impact almost half a million manufacturing jobs in the US would have. Think about what it could do for our economy.

America has to rethink, reset, readjust and retool if it is going to get serious about creating jobs in the new global internet world. Countries, including the United States, cannot just rely on past successes. History has proven time and time again that a country resting on its laurels soon becomes a country in trouble.

Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.